U.S. one-hundred dollar bills are seen in this picture illustration, August 2, 2013 – REUTERS/Kim Hong-Ji/Illustration
The World Economic Forum (WEF) in Davos hosted a special panel session Wednesday on ‘finding a new equilibrium in the Middle East’, where panelists identified unemployment and extremism as the main challenges facing the Middle East region.
Local financial services group, CI Capital, will hold its second MENA Investor Conference in Cairo on January 30, a statement from CI Capital said Wednesday.
The three-day conference will host several ministers and senior government officials to discuss key economic issues, including financial inclusion and fiscal reforms.
Non-petroleum exports to the U.S. significantly increased by 17.5 percent in the first 11 months of 2017 to reach $1.34 billion, compared to $1.14 in the same period of 2016, Trade Minister Tarek Kabil said Wednesday.
The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Wednesday's trading amid purchase operations by Arab and foreign investors.
Most emerging market currencies climbed on Wednesday, with China’s yuan and South Africa’s rand both touching more than two-year highs as the dollar wallowed in its weakest run since 2010-11.
The U.S. dollar hit fresh lows on Wednesday after U.S. Treasury Secretary Steven Mnuchin said he welcomed its weakness and figures showed that the euro zone economy started the year at its strongest pace in over a decade.
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